ENG |  LAT

 

Financial Management Services

These services are targeted at a company’s financial management systems with the objective of ensuring cost efficiency, increasing productivity and improving control mechanisms within the company.

Stages 

Stage 1 – evaluation. Determine what the current situation is.
Stage 2 – analysis and plan. Analyze the results of the evaluation and develop an action plan and time table for implementation.
Stage 3 – execution. Help the Client implement changes.

What do our Clients get out of Financial Services?

Assessment of the current financial management systems, including:

The company’s budget (sales budget, operating and maintenance budgets, expenses by function, operating income, investment budget),

• finance control - actual vs. budget,
• internal procedures,
• expense accountability,
• Cost accounting practices,
• Labor and machine standards and efficiencies. 

Identification of improvement areas within the company;

Know how of budgeting/planning /controlling processes;

Implementation, development and/or improvement of financial management systems.

Methodology

The stage 1 – evaluation assignment could include the following activities:

• qualified personnel visit the Client’s facility for between four days and two weeks to meet personnel from the Client’s side and collect information. 
• produce a report with assessment of actual status and suggestions for future steps to be taken and cost estimates for the analysis stage. 

Timing: six weeks

Cost: depends on the company‘s size, actual existing finance management systems, diversity of products/operations. A contract price will be determined once we get some basic information about the operation.

Back